Does the BMW 5 Series New Energy require purchase tax?
3 Answers
BMW 5 Series New Energy does not require purchase tax. The plug-in hybrid version meets the new energy emission policy, and all new energy vehicles are exempt from tax. The following are the types of vehicles exempt from purchase tax: Pure electric vehicles: These are vehicles that use a single battery as the energy storage power source. They utilize the battery as the energy storage power source, providing electrical energy to the motor through the battery, driving the motor to operate, thereby propelling the vehicle. Hybrid vehicles: These refer to vehicles whose drive system consists of two or more individual drive systems that can operate simultaneously. The vehicle's driving power is provided by a single drive system or multiple drive systems together, depending on the actual driving state of the vehicle.
As an ordinary car owner who has studied new energy vehicle policies, I checked the latest regulations. The tax exemption policy for plug-in hybrid vehicles has been extended until the end of 2027, and models like the BMW 530Le with a pure electric range of over 43 kilometers fully qualify. But don’t just celebrate—remember to ask the dealership to issue the "New Energy Vehicle Tax Exemption Certificate." Last time I accompanied a friend to pick up their car, this document was missed, resulting in a wasted trip to the DMV. Additionally, the purchase tax exemption covers 10% of the vehicle price. For example, a 500,000 RMB car can save you over 40,000 RMB, enough to install two charging stations. However, the vehicle and vessel tax still needs to be paid as usual, around 300–400 RMB per year.
Last month, I just helped a colleague complete the license plate registration for a 530Le. The purchase tax for new energy vehicles is indeed fully exempt, but there are three details to pay attention to: First, the vehicle must be listed in the MIIT tax exemption catalog—the BMW 5 Series hybrid models with the suffix 'Le' can all be verified. Second, the price on the car purchase invoice must include VAT—I've seen cases where people mistakenly declared the price without tax. Third, the DMV registration requires the original vehicle conformity certificate, which dealerships often forget to provide. Lastly, a reminder that the tax exemption only applies to new cars; used car transactions still require the tax to be paid.
